Albany Black Chamber of Commerce Foundation
Nonprofit profile at a glance
- EIN
- 113819812
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024, Form 990-N 2013
- Location
- Schenectady, NY, USA
- Phone
- 5189907265
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $28,097
- Expenses
- $50,138
- Assets
- $5,846
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Deshanna Wiggins (Executive Director)
- Corey Ellis (President)
- Ana Fabian (Vice President)
People named in this filing
- Deshanna Wiggins (Executive Director)
- Corey Ellis (President)
- Ana Fabian (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
What it reported doing in 2024
Advocacy/development: support and promote minority owned small business and individuals located across the capital region of upstate New York.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 100
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.8%; rating input score 97
- Program expense ratio: 54.3%; rating input score 54
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -78.4%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.12; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 11.5% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 17.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 96.8% of revenue deployed · 54.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.